TVS Motor Raises Stake In Startup Ultraviolette, Invests Rs 30 crore
TVS Motor Company has raised its stake in Bengaluru-based electric vehicle startup Ultraviolette Automotive by pumping in Rs 30 crore. In FY20, it had invested Rs 11 crore in the startup, which aims to put a high performance electric bike…
C-MET Seeks Co-funding Partners For Li-ion And Na-ion Battery Cell Manufacturing
The Center for Materials for Electronics Technology (C-MET) has invited Expressions of Interest (EoI) from interested parties for collaboration with the Center of Excellence for rechargeable battery technologies (Pre-cell). The interested parties would include public sector units, private industry, and…
Mumbai’s Epsilon Carbon To Invest $70 Million In Battery Material Manufacturing Facility
Epsilon Carbon, India’s leading coal carbon company, is diversifying into the battery material business to develop and manufacture high performance and quality carbon products for anode components of Lithium Ion Batteries (LiB). The battery materials business is housed under a…
Dr. Paolo Castagna Ex Managing Director Fiat India Invests In Electric Vehicles’ Start-Up EVage
Dr. Paolo Castagna, Ex Managing Director, Fiat India Automobiles Pvt Ltd, has invested an undisclosed amount in mobility tech startup EVage. The mobility startup has built India’s 1st ‘Make in India’ ‘Exoskeleton Structure’ that will provide a common platform for…
Okaya To Provide EV Charging Stations To BluSmart Electric Mobility
Okaya Power Group on Friday said its flagship firm Okaya will provide electric vehicle charging stations to BluSmart Electric Mobility — one of the largest 100 per cent electric fleet operator in India. Okaya announced a strategic partnership with BluSmart…
Mahindra And REE Explore Joint Development Of Electric Commercial Vehicles
Mahindra & Mahindra, part of Mahindra Group, and REE Automotive have signed a memorandum of understanding (MOU) to explore the development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s electric vehicle corner…
Ola Electric Co-founder Anand Shah Invests In EV Startup Evage
Mobility tech startup Evage said it has raised an undisclosed amount of funding led by Ola Electric co-founder and senior advisor Anand Shah. Bryair director Varun Pahwa and DMI group partner Anmol Nayyar also participated in the funding round. Conceptualized…
GAIL India Plans Expansion In Petrochemicals, Specialty Chemicals & Renewables To Supplement Growth
State-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said. The nation’s largest gas marketer and shipper has…
Magenta Picked By Microsoft For The Start-up Support Program Of EV Software & Charging Platform Development
Microsoft has selected Magenta the pioneer in the business of clean mobility and clean electricity, for its Start-up support program. Under this program, Microsoft supports B2B tech startups to scale and grow leveraging its technology, cloud marketplace, enterprise sales team,…
Total-Adani Indian Joint Venture To Apply For Fuel Retail Licence, Also Include Electric Vehicle Charging Facilities
Total Adani Fuels Marketing Pvt Ltd, a joint venture between French energy company Total SA and Adani Gas Ltd., said it plans to apply for a fuel retail licence soon under India’s new liberal fuel retailing rules. The joint venture…
